[Volcano_Vista_HS] Back to School Tax Free Weekend

Thursday, August 05, 2010
Start Your Carts This Weekend To Avoid Taxes

Journal Staff Report

          For shoppers headed to the mall this weekend, there's good news and bad news.
        The good news: They won't have to pay sales tax on many purchases. The bad news: Stores will be crowded as New Mexicans take advantage of the state's annual tax-free holiday.
        The tax-free holiday, when the state won't collect gross receipt taxes on certain items purchased, begins Friday at 12:01 a.m. and continues until Sunday at midnight.
        Items not being taxed include clothing or shoes costing less than $100, computers sold for less than $1,000 and computer accessories less than $500.
        School supplies, such as rulers, paper, pens and pencils, are also included in the tax-free weekend.
        For a full list of items that are and aren't covered by the tax-free holiday, visit the state Department of Taxation and Revenue's website at www.tax.state.nm.us .

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